Question: ii. For the basic EOQ Model with instantaneous replenishment, this in NOT one of the assumptions: a. Demand is known with certainty and is constant

ii. For the basic EOQ Model with instantaneous
ii. For the basic EOQ Model with instantaneous replenishment, this in NOT one of the assumptions: a. Demand is known with certainty and is constant over time. b. No shortages are allowed. c. Lead-time for the receipt is constant. d. Production rate is constant and is larger than demand rate. e. Order Quantity is received all at once For the basic EOQ Model with non- instantaneous replenishment, this in NOT one of the assumptions: a. Demand is known with certainty and is constant over time. b. No shortages are allowed. c. Lead-time for the receipt is constant. d. Production rate is constant and is larger than demand rate. e. Order Quantity is received all at once. For the case of reorder point, when the reorder quantity (R) is larger than EOQ, then the adjusting procedure is: a. Reorder Quantity becomes equal to EOQ quantity. b. Not Applicable, R is NOT a function of EOQ; (R = m XL + ZX SXOL). c. Reorder quantity is reduced by EOQ quantity. d. EOQ is increased by the difference e. Reorder Quantity is reduced by EOQ quantity continuously until R is less than EOQ. f. Reduce the lead-time (L) so that the reorder quantity becomes less the EOQ. When the safety stock is zero (O), the service level is: iii. a. 100% b. 0% c. 96.3% d. 50% e. 87.6%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!